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HomeMy WebLinkAbout0416~It~,- _ _ . i ~ ~~Ikl p~ ~r the la~tr off' ~)ti~ ~t~~e gf ~`l~x'id~t . ~ ~} __ fit ad ~~-1"°~~i~t thAti,~ari$ ~Ad ~a~.t~ ~ 4~ ~,t1~ « Alt ). ~~ interest fr~a +~ ~- r~t+e odt f lri`O A~9I+d` ~rtt~f"t~t ~' ~ '~ ~ per aaaaum [,a the a~Fpai~9 ~ uei+~ 1~ 'Y'tre ~~ aid ~~ ts's ~ ~ t of ,d1~trl~~an fi$~.4~ t~ta~ ~~ , an ~[ia~i: ~~~ ~ . u~ ~ umte~t piface as the holder may' dsai~~te ft3 ~'ft3!!g, i1m ~ ~ ~Q'y~Ti~-'~~~°y'ilrl s-Y~ jbF~~.~$ dollars {3 ~?. ~2 ), r~ ~- day +~' !~'~t~t~1l~ , lA ~1, s~ axe the fixat day* of ma~,tla there~t'bsr ~ t~ prime #ad f3ntax+res~ ae+e - putd, swept t1:at ttre final pn-yanelnt off the satire r~dc~sdsass eetdenoed hereby, if sir pr-~, mtea3~ he d'~ sad l~ ~ this first day mf $~ip'~ es1~a~~' , ~ 9 ~~ . Lf dafanlt be n ire the payanertt oat any installrn~at undelr this na sand, ft s~ dtefsaalt is Hat a goad prior to t4~e due ds~ sf time anzi such znstat, ~ eatthrte prinai ~ said aacrgasd intea+est shah at. Dace be~ccasns dare aaad payal~e withoetrt a~at~ at t~ of t~ ho~sr ~ thi$ ate. Fsilurc to exercise thix c~latic~n slsall neat acroscituta a waiver s+f' the rit axerrtse- the aatn~e inn the eIt at' saw stzbse~usnt default. In the avast of defstatt in the psy:nent p this try, s>a~ ~ e#mw~ is aatleeted by a~a attar~y at lour, tt~e undersigned hex+ebY agree ts) ~ pay- ~ ccast+s of calle~a~n, inclr~di~, a ale aaltotvey's tee. I'resentrnerlt, protest, aad notiEce axe he~~' w~oi~bd. ----------~~ Se~ne~ur 1'~.__I3add~n..~_..___~3~a1~ ~1u. OJ Staz~ ptyourASnta~y Stamps 8a~r>~eotzr ~. F~+ad~en c~ f f' 7. x e d t o o r i~ i n~ l n o:® and; _ .. --------- -- ----------------- --- car.~e)-led.) . Fran:,se Id. Aat~den end chap duly, prarr3igtly, d fully perfaxm, discharge, e~c~ute, eP!'ect, campl~ete, and aancaply with al~d ahid2- by eslch and every the atipulatious, agreements, crsnditians, and coveualars of .said pramiry Hate and of this mortgage, then this rl3artgage and the estate hereby wrested shall cue and 13e ntall ax3d v©id. find the rnar'tgagt3r further cavenax~tat ag follows 1. Thai he will pay the indebtedznexa, a$ hereinbefare provided. Privily iIa reserved to pay the debt in whine, ar in an amattnt e-~usl t® one ar mere monthly p:yznents an the principal that axe next due on trle Hate, axe +.he frst da;r at' any rn~anth prior to maturity: Provided, havc'ever, that written notice of an intention to e~cerciss such privilege is g;ven at least thirty (€30) days prior to pre~ayulent; a~ud, pravicYed further, tktat ih the event the deb+ is paid in full prior to n:Iaturity st.azd sit that tsrtae it is insured under the provisions of the National i~iausing Act, he will ps?' to the mortgagee an adju3«ted izrexnia+an chterge of one per centum (1 "~o) of the original principal amount thereof, except that in 1x3 ever.~t ahxll the adjusted prerrti~sm exceed the aggregate axnaunt of pr^emiurn chargeas which would have been payabae if the rnart- gage had eantinued to be insured until maturity; each payment to be at;plied isy the mortgagee upon its at~liglatian to the Fe-decal l3ousi?~g Commis:sioner an account ai ortggge i3aaurance. 2. That. in order mare folly to protect. thG security of this t~rartgage, thr~ m~rtgagar, tatrether wi}h, and in acidiVian to, tl-ie monthly payrraealtts under the terms csf t~Ie note securpcl hereby, on the first day of etich Irlanth until the said Hate is fu?ly l~sid, will pity to the mortgagee the following sums: (a) If this mortgage and the said xlate secured here'tIy are inrtured tinder the prm~isiona of the Nt~t.i+anal l.lousing Act and sa long zts they continue to t.,~. so insured, one-twelfth (I-,.) of tt;e annual mortgage insurance premium far the purpose of putting the mortgagee in funds witfh which to dis- charge tP3e staid mortgagee's akaiigtttion to the Federal I3ouaing Comrr3iasic~zter for mart agge insurance prert3it3ms pursuant to the appticaLle pxavisiat3s of the Na~tia3a~tl l-lousi°3g Act, as a~3nen~~1, a.nd Regl.- l;Itions there}.Index; the rltartgttgee shall, on the t~m3inatiola of its obligati:rn to ~~' Ix3artgage inztuw_ anre x:reni3tllt~s, crcf3it to the ttccc~unt of the It3artg~-ar ail payments rnacie ua3fia~r the pro.isiails of ti~is suf3sectian v:hieh ,he Inartgagee h~ rcpt l~ccame al3tigat~d to pay tsa the Federal Housing C'oct~rni..~- E 3(lI3£'r. (b) A sun3 equal tea the gratlnd rents, if any; next dlz~2, plus the .premiums that wail next ts~c~me due ~.I3d i,ayakaie or. lxglicies of 4Zre and c~tl€cr hazard ir3s;3rance c~avering she rs3~rtgag~i prolaerty, talus tuxes xtnd ~iaessmet3ts next dale fan thy: tr3fartgagad pr~alaerty loll as estllxlated ~t}• the r:Ii,rt,gaq~ee) ic;s:~ all sulats alr;~tldy paid therefor divided ~sy the number of ~Iassntlas•;e to elapse befrsre carve mol3tl3 prior to tilt: date whsi3 such ground rents, pry:zlai3trras, taxt~, x3.nd asae~sllaex:t.~ wwiL bax'rrte delil:rluP,zt, such $:3rxls to hE held by In<art.g~ in trust to ptry said ,~°raur3d I`enttt, pre~I.ilxlr3ts, taxes, tared 31re•~.ial a::~ess- 121cTR:3. (c) ill p3a~~Ixlf?i;$„a 3•ISelatiaria~d in th=5 two ~iYe4t'41iZ3~ sut~et"fiur3s of tht parttttra~ah apsd tail ;say. zx;ez~ tfa l~:e• r:°,ade Y.3nder thc:`I.ote accused herolay ~;~al; be a~d~l tcagethc:'r and tl',e a~ggrrgate ~i*Ytc~urst tl~carc~taf giis~.l.l 3=e paid las° the nac3rtga~a~r ¢ach xn+*:t'~s i a s#r}gle i$avrnez~t tr, t'~• app?iced isy s.he rri~~- :x5;{c~.-P' `,~.t I;~?€3 ~t:x€s~?:•~S"':~,' ..s~".I°3x~., I~I' ~'~''...~'. 5':I"~~i' ~'a. 3'C:t'`3:t~i.: S. ~?3'f'S~ei:t., k-.i:&~ -''t l.It?:-... vita- taF.::a~~'e3.,•: L. :i.,.i.,~IRI`~'~L !?'ia~~Ei~: ~3~~}3.»: .In<Ft:z4lx<'~ e. i«- I!°s u~~ a~.?~if5~ ' J..~. ~t l"t)S3. 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